Suchergebnisse

The paper analyzes the recently initiated Financial Assistance Plan (FAP) of Government of Botswana within the framework of the incentives created for a profit-maximizing firm. The results suggest that it is very difficult to devise indirect second-best policies if there is considerable substitution in production possible. (DSE)

The importance of export processing zones (EPZs) in Malaysia is unique among the developing countries establishing these zones. Nowhere else is their role as significant, either in absolute terms or as a proportion of overall manufacturing activity. A policy of maintaining existing levels of protection while simultaneously establishing EPZs is clearly inferior, from a purely economic standpoint, to the abolition of protection. By providing a detailed cost-benefit analysis of Malaysia's EPZ's, the author investigates whether they have positive or negative welfare effects when protection is maintained outside the zones. (DÜI-Sen)